Golden parachute

Definition

Compensation paid to departing top-level management by a target firm if a takeover occurs.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University


Term of the Day

Municipal notes
Short-term notes issued by municipalities in anticipation of tax receipts, proceeds from a bond issue, or other revenues.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!

Create your free portfolio